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Sunday, July 31, 2022

ED tells exporters to realise dues; inflows to buoy rupee | Economic Times

July 31, 2022 0
ED tells exporters to realise dues; inflows to buoy rupee | Economic Times
ED tells exporters to realise dues; inflows to buoy rupee https://ift.tt/qg9CGul Directorate has asked the firms and companies to submit a string of information on businesses and key persons as well as old data. For instance, in one such notice sent mid-July, the ED directs the company to submit details of the company, local and offshore bank accounts, identities of directors, and former directors including their nature of association with the company along with residential addresses.

Long Covid: Retail slippages at private banks surge again | Economic Times

July 31, 2022 0
Long Covid: Retail slippages at private banks surge again | Economic Times
Long Covid: Retail slippages at private banks surge again https://ifttt.com/images/no_image_card.png​​While HDFC Bank hasn’t given any a breakup of the data on slippages, numbers from state-run banks that ET looked at did not show such trends. ICICI Bank reported slippages of Rs 5,037 crore in retail loans, including rural and business banking loans, in the June quarter, compared with Rs 788 crore for corporate and SME loans.

Oil prices slip ahead of OPEC+ meeting | Economic Times

July 31, 2022 0
Oil prices slip ahead of OPEC+ meeting | Economic Times
Oil prices slip ahead of OPEC+ meeting https://ift.tt/Jhin2AT analysts said fuel sales to drivers in Britain are waning, while gasoline demand remains below its five-year average for this time of the year. Reflecting this, analysts in a Reuters poll reduced for the first time since April their forecast for 2022 average Brent prices to $105.75 a barrel, and to $101.28 for WTI.

RBI could raise repo rate by up to 50 bps | Economic Times

July 31, 2022 0
RBI could raise repo rate by up to 50 bps | Economic Times
RBI could raise repo rate by up to 50 bps https://ift.tt/nKOoegY than half the respondents that included bankers, traders, analysts and fund managers also expect RBI to change its stance to ‘neutral’ from ‘accommodative.’ To be sure, Mint Street is already focused on withdrawal of monetary accommodation.

Why S&P BSE 500 ETF can be a good starting point for new investors | Economic Times

July 31, 2022 0
Why S&P BSE 500 ETF can be a good starting point for new investors | Economic Times
Why S&P BSE 500 ETF can be a good starting point for new investors https://ift.tt/yC4KczU Investing in volatile market is a challenging task. But what needs to be remembered is that equities are vehicles of long-term growth and consistently investing in equities can help potentially generate significant long-term returns. Further, India remains a bright spot among the developing markets and equity markets will likely benefit from this over the long-term. However, making the right investment choices is never easy.

Looking for better returns? Here's all you need to know about Alternative Investment Funds | Economic Times

July 31, 2022 0
Looking for better returns? Here's all you need to know about Alternative Investment Funds | Economic Times
Looking for better returns? Here's all you need to know about Alternative Investment Funds https://ift.tt/yC4KczU "AIF is now Rs 6 lakh crore industry. Alternative Investment Funds offer diversification and can give access to unlisted companies," says Mr. Ajay Vora, Executive Vice President & Fund Manager, Investment Management, Edelweiss Wealth.

Learn with ETMarkets: How to use volatility to generate profits from short-term equity trading | Economic Times

July 31, 2022 0
Learn with ETMarkets: How to use volatility to generate profits from short-term equity trading | Economic Times
Learn with ETMarkets: How to use volatility to generate profits from short-term equity trading https://ift.tt/B0FEya6, in stark contrast to the traditional method of buying equity for the long term, short-term equity trading can be extremely beneficial for day or positional traders who use the implied volatility and associated price action to generate profits.For long-term investors, volatility-induced market dips can be used to increase allocation in beaten-down stocks, only to sell the additional shares at higher levels while still maintaining the original positions.

Fed rate hikes and strong US greenback sent gold to multi-month lows | Economic Times

July 31, 2022 0
Fed rate hikes and strong US greenback sent gold to multi-month lows | Economic Times
Fed rate hikes and strong US greenback sent gold to multi-month lows https://ift.tt/bAi2ovJ is generally considered a safe investment during economic and political uncertainties. Last year, when the global economic situation became dire due to the Covid-19 pandemic, investors rushed into the safety of gold which saw prices rise to multi-year highs. An all-time low Indian rupee and a hike in custom duty on gold have kept domestic prices somewhat in check from a steeper fall.

RBI's meet, auto sales among 8 key factors that may guide markets this week | Economic Times

July 31, 2022 0
RBI's meet, auto sales among 8 key factors that may guide markets this week | Economic Times
RBI's meet, auto sales among 8 key factors that may guide markets this week https://ift.tt/b1w9VEY Mishra, VP - Research, Religare Broking, said that participants should align their positions and look for buying opportunities on dips. All the sectors are contributing to the move. "We believe the focus should still be on the top performers rather than expecting a turnaround in the beaten-down names," he added. "We reiterate our preference for auto, FMCG, banking and financials and remain selective in others."

Income obsession sweeps across asset classes as stocks swerve | Economic Times

July 31, 2022 0
Income obsession sweeps across asset classes as stocks swerve | Economic Times
Income obsession sweeps across asset classes as stocks swerve https://ift.tt/gW7SNDm the bond market, a mix of dip-buying behavior and growth concerns has sparked a fierce rally in Treasuries after benchmark yields hit multiyear highs last month. Billions have been funneled into corporate debt, with the S&P 500’s earnings yield holding the slimmest advantage to the average yield on blue-chip bonds in over a decade

Saturday, July 30, 2022

Mid-cycle transition: Will market hit a record high or enter a bear phase? | Economic Times

July 30, 2022 0
Mid-cycle transition: Will market hit a record high or enter a bear phase? | Economic Times
Mid-cycle transition: Will market hit a record high or enter a bear phase? https://ift.tt/uHmefBX defining characteristic of mid-cycle is the withdrawal of monetary policy stimulus. Volatility rises during the period of transition, with equity returns being more modest during this phase, mirroring earnings growth.

Gold gains further ground as Fed’s tightening debate intensifies, more volatility ahead | Economic Times

July 30, 2022 0
Gold gains further ground as Fed’s tightening debate intensifies, more volatility ahead | Economic Times
Gold gains further ground as Fed’s tightening debate intensifies, more volatility ahead https://ift.tt/uHmefBX yellow metal gained 2.2 per cent last week and has recovered about 5 per cent from the March 2021 lows set just a week ago. The Bloomberg commodity index gained 4.6 per cent last week reflecting general strength across commodities.

Quick Take: Bluechips among top gainers on Dalal Street this week, startups bleed | Economic Times

July 30, 2022 0
Quick Take: Bluechips among top gainers on Dalal Street this week, startups bleed | Economic Times
Quick Take: Bluechips among top gainers on Dalal Street this week, startups bleed https://ift.tt/gW7SNDm the BSE500 Index, more than 310 stocks settled in green, whereas 190 stocks settled in red during the week. 17 stocks surged in double digits during the week, following the corporate actions buzz and upbeat Q1 earnings.

Why is SBI Life analysts' top insurance sector bet post Q1 | Economic Times

July 30, 2022 0
Why is SBI Life analysts' top insurance sector bet post Q1 | Economic Times
Why is SBI Life analysts' top insurance sector bet post Q1 https://ifttt.com/images/no_image_card.png"The solid Q1 performance underscores the strength of the formidable combination of brand and distribution reach in terms of geography and demography that SBI Life has. The management remained confident about delivering growth and maintaining margin trajectory. With its distribution channels firing on all cylinders, expanding product offerings and increasing acceptance, we expect robust growth to continue in FY23 and beyond," the brokerage said.

Mind Over Money: Playing Sudoku helps this veteran trader evaluate profit & loss strategies | Economic Times

July 30, 2022 0
Mind Over Money: Playing Sudoku helps this veteran trader evaluate profit & loss strategies | Economic Times
Mind Over Money: Playing Sudoku helps this veteran trader evaluate profit & loss strategies https://ift.tt/Xj9C43I is a game that helps one to analyze all the permutations and combinations. If in the capital markets, you evaluate the possibility of profit/loss that you are going to make in case of uncertain situations, you will exponentially decrease the risk of emotional disbalance during a trade.

Friday, July 29, 2022

US stocks rally again, close out best month since November 2020 | Economic Times

July 29, 2022 0
US stocks rally again, close out best month since November 2020 | Economic Times
US stocks rally again, close out best month since November 2020 https://ift.tt/uHmefBX S&P 500 index, a benchmark for many stock funds, rose 1.4% and finished 9.1% higher for July. A rebound in technology stocks, big retailers and other companies that rely on direct consumer spending helped power the index's broad gains this month. The index is still down 13.3% for the year.

Thursday, July 28, 2022

Payment aggregators can apply again to RBI | Economic Times

July 28, 2022 0
Payment aggregators can apply again to RBI | Economic Times
Payment aggregators can apply again to RBI https://ifttt.com/images/no_image_card.png“Keeping in view the disruption caused by the COVID-19 pandemic, and to ensure smooth functioning of the payments ecosystem, it has since been decided to allow another window to all such PAs (existing as on March 17, 2020) to apply to RBI,” the regulator said in a notification on Thursday.

Pepperfry rejigs structure for IPO | Economic Times

July 28, 2022 0
Pepperfry rejigs structure for IPO | Economic Times
Pepperfry rejigs structure for IPO https://ift.tt/zKN1F28 partners are also shaping the company’s board composition, roping in independent directors, to meet local capital market laws. Rules require the board to be made up of 33% independent directors, if its chairman is an independent director.

RBI sticks to October 1 deadline for card tokenisation | Economic Times

July 28, 2022 0
RBI sticks to October 1 deadline for card tokenisation | Economic Times
RBI sticks to October 1 deadline for card tokenisation https://ifttt.com/images/no_image_card.png“On a review of the issues involved and after detailed discussions with all stakeholders, as also keeping in view that sufficient time has elapsed since the requirements were specified, there shall be no change in the effective date of implementation of the requirements – all entities, except card issuers and card networks, shall purge the CoF data before October 1, 2022,” the regulator said in a notification on its website.

Nestle leans on pricing for Q2 boost; pet foray holds promise | Economic Times

July 28, 2022 0
Nestle leans on pricing for Q2 boost; pet foray holds promise | Economic Times
Nestle leans on pricing for Q2 boost; pet foray holds promise https://ift.tt/HuDmg3M overall growth has been pricing-led with material cost inflation eating into the company's profitability. There has been a 24% jump in raw material costs and a 20% increase in other expenses over the same quarter a year earlier. The management, in the company's earnings call, mentioned 2022 inflation being five times the past trend.

FANGMAN isn't haunting Indian investors as optimism for growth continues | Economic Times

July 28, 2022 0
FANGMAN isn't haunting Indian investors as optimism for growth continues | Economic Times
FANGMAN isn't haunting Indian investors as optimism for growth continues https://ift.tt/FXncA8z includes seven of the biggest tech companies or tech mega-caps of the world -- Meta (Facebook), Amazon, Netflix, Alphabet (Google), Microsoft, Apple and Nvidia.

Wednesday, July 27, 2022

L&T on a firm footing with robust growth in order book | Economic Times

July 27, 2022 0
L&T on a firm footing with robust growth in order book | Economic Times
L&T on a firm footing with robust growth in order book https://ifttt.com/images/no_image_card.pngL&T’s order inflow grew by 57% year-on-year to Rs 41,800 crore in the June quarter, higher than the analysts’ estimate of Rs 38,000-39,000 crore. The order flow in core engineering and construction (E&C) business excluding services business expanded by 88% to Rs 28,288 crore helped by a large order win in hydrocarbon segment and other big wins in the transmission and distribution, and the defence sector.

Brokerages raise price targets on Asian Paints | Economic Times

July 27, 2022 0
Brokerages raise price targets on Asian Paints | Economic Times
Brokerages raise price targets on Asian Paints https://ifttt.com/images/no_image_card.png"Asian Paints' strong revenue delivery and market share gains are impressive; however, rich valuation at 57 times FY24 estimated earnings per share, especially in the context of Grasim's impending entry limits any upside," said Axis Capital.

Oil prices edge up on low inventories, high gasoline demand in U.S | Economic Times

July 27, 2022 0
Oil prices edge up on low inventories, high gasoline demand in U.S | Economic Times
Oil prices edge up on low inventories, high gasoline demand in U.S https://ift.tt/iTyRFkJ the demand side, the U.S. Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point, in line with expectations, to cool inflation, while the dollar fell on hopes for a slower hiking path.

US stocks rally, dollar falls on bets for rate hike slowdown | Economic Times

July 27, 2022 0
US stocks rally, dollar falls on bets for rate hike slowdown | Economic Times
US stocks rally, dollar falls on bets for rate hike slowdown https://ift.tt/HuDmg3M Fed is pushing up rates to cool the sharpest inflation since the 1980s and signaled "ongoing increases" in borrowing costs may still be ahead despite evidence of a slowing economy. Powell told reporters it will likely be appropriate to slow the pace of increases as rates get more restrictive and that the Fed wants to get to moderately restrictive levels by year-end.

Lenders need to address climate change risks, says RBI Paper | Economic Times

July 27, 2022 0
Lenders need to address climate change risks, says RBI Paper | Economic Times
Lenders need to address climate change risks, says RBI Paper https://ift.tt/ZXFg17o may need to incorporate an assessment of both physical and transition risks across a range of climate-related scenarios. They may identify and simulate plausible and relevant scenarios, factor in the inter-linkages between climate-related risk and other risks and explore resilience to financial losses under a variety of scenarios.

Tuesday, July 26, 2022

Maharashtra Chief Minister Eknath Shinde greets Uddhav Thackeray on his 62nd birthday | Economic Times

July 26, 2022 0
Maharashtra Chief Minister Eknath Shinde greets Uddhav Thackeray on his 62nd birthday | Economic Times
Maharashtra Chief Minister Eknath Shinde greets Uddhav Thackeray on his 62nd birthday https://ift.tt/g2Zpj83 CM, however, refrained from referring Thackeray as the Shiv Sena president. "Greetings to former chief minister Uddhav Thackeray on his birthday. I pray for his healthy and long life,"​ Shinde wrote on the microblogging site.

Big Movers on D-St: What should investors do with Vinati Organics, Zomato and Tanla Platforms? | Economic Times

July 26, 2022 0
Big Movers on D-St: What should investors do with Vinati Organics, Zomato and Tanla Platforms? | Economic Times
Big Movers on D-St: What should investors do with Vinati Organics, Zomato and Tanla Platforms? https://ift.tt/G6cp9xF that were in focus include Vinati Organics which rose over 3 per cent to hit a fresh 52-week high, Zomato plunged more than 12 per cent to another life low and Tanla Platforms was locked in the lower circuit of 20 per cent.

US stocks drop as Walmart profit warning spooks investors | Economic Times

July 26, 2022 0
US stocks drop as Walmart profit warning spooks investors | Economic Times
US stocks drop as Walmart profit warning spooks investors https://ift.tt/g2Zpj83 Federal Reserve started a two-day meeting, and on Wednesday it is expected to announce a 0.75 percentage point interest rate hike to fight inflation. Investors have worried that aggressive interest rate hikes by the Fed could tip the economy into recession.

Surging call rates point to rise in short-term borrowing costs | Economic Times

July 26, 2022 0
Surging call rates point to rise in short-term borrowing costs | Economic Times
Surging call rates point to rise in short-term borrowing costs https://ift.tt/g2Zpj83 RBI Tuesday conducted a three-day variable rate repo auction for Rs 50,000 crore, a move which infused short-term liquidity into the banking system for which banks are charged a rate of 5.14 percent.

Dalal Street not enthused by Asian Paints' good Q1 show | Economic Times

July 26, 2022 0
Dalal Street not enthused by Asian Paints' good Q1 show | Economic Times
Dalal Street not enthused by Asian Paints' good Q1 show https://ift.tt/GWJCi09 growth stood at 37% - one of the highest in the past six quarters. While gross margins dipped by 40 bps due to material cost inflation, EBITDA margin improved 160 bps on better scale and cost efficiencies across businesses.

Rich valuations may limit Persistent’s upside despite strong growth | Economic Times

July 26, 2022 0
Rich valuations may limit Persistent’s upside despite strong growth | Economic Times
Rich valuations may limit Persistent’s upside despite strong growth https://ifttt.com/images/no_image_card.pngPersistent’s revenue grew by 11.1% sequentially to $ 241.5 million in June quarter. The acquisition of US-based companies, including Data Glove in February and MediaAgility in May, contributed over half of the topline growth.

Everything you need to know about Systematic Transfer Plan | Economic Times

July 26, 2022 0
Everything you need to know about Systematic Transfer Plan | Economic Times
Everything you need to know about Systematic Transfer Plan https://ifttt.com/images/no_image_card.png​ STP is a method to stagger money typically from a liquid fund to an equity fund over a period of time. An investor with cash wanting to make a lump sum investment but worried about near-term corrections uses this method. The twin advantage is that you make returns from the liquid fund and simultaneously stagger money into your equity fund.

Sebi moves SC against stay on order rejecting Brickwork's consent plea | Economic Times

July 26, 2022 0
Sebi moves SC against stay on order rejecting Brickwork's consent plea | Economic Times
Sebi moves SC against stay on order rejecting Brickwork's consent plea https://ift.tt/g2Zpj83 case is likely to be heard around the second week of August by a two-judge bench comprising Justice S Abdul Nazeer and Justice JK Maheshwari, the apex court website showed.

Monday, July 25, 2022

RIL falls over 3%: most negatives priced in, GRMs still a concern | Economic Times

July 25, 2022 0
RIL falls over 3%: most negatives priced in, GRMs still a concern | Economic Times
RIL falls over 3%: most negatives priced in, GRMs still a concern https://ift.tt/uoG6bQx said the stock, which has been hit by worries around the windfall tax on diesel and gasoline exports recently, has priced in most of the negatives and valuations are attractive though a runaway rally is unlikely soon.

Axis Bank beats estimates, Q1 net profit surges 91% | Economic Times

July 25, 2022 0
Axis Bank beats estimates, Q1 net profit surges 91% | Economic Times
Axis Bank beats estimates, Q1 net profit surges 91% https://ift.tt/vh1kxn5 interest income, or the core income of the bank, rose 21% on year to ₹9,384 crore at the end of the June quarter versus ₹7,760 crore a year ago. The net interest margins rose 14 basis points to 3.60%. One basis point is 0.01%.

UltraTech may leave competitors behind with capacity addition | Economic Times

July 25, 2022 0
UltraTech may leave competitors behind with capacity addition | Economic Times
UltraTech may leave competitors behind with capacity addition https://ift.tt/MprsU3y country’s largest cement manufacturer will increase the capacity by close to 40 million tonnes (MT) to 154 MT in two phases by the end of FY25.

S&P 500 ends choppy session nearly flat; investors eye Fed, earnings | Economic Times

July 25, 2022 0
S&P 500 ends choppy session nearly flat; investors eye Fed, earnings | Economic Times
S&P 500 ends choppy session nearly flat; investors eye Fed, earnings https://ift.tt/ioOP7LF 500 earnings are expected to have climbed 6.1% for the second quarter from the year-ago period, according to IBES data from Refinitiv. Along with inflation and rising interest rates, investors have been concerned about the impact of currency headwinds and lingering supply chain issues for companies this earnings season.

Cerberus ties up with ARCION for Yes Bank's NPAs | Economic Times

July 25, 2022 0
Cerberus ties up with ARCION for Yes Bank's NPAs | Economic Times
Cerberus ties up with ARCION for Yes Bank's NPAs https://ift.tt/CbOcXfU a higher offer, Cerberus lost out as it does not own an ARC- unlike JC Flowers, which operates an ARC. In order to place itself on an equal footing, Cerberus has roped in ARCION Revitalization, an ARC joint venture between Apollo Global Management and ICICI Bank, to submit a joint bid, said people aware of the development.

What to do with HDFC MF schemes formerly managed by Prashant Jain | Economic Times

July 25, 2022 0
What to do with HDFC MF schemes formerly managed by Prashant Jain | Economic Times
What to do with HDFC MF schemes formerly managed by Prashant Jain https://ift.tt/fgQmvL5 managers said the change in fund managers warrants caution among investors. Unitholders of these schemes must hold back from making fresh investors but should not exit, said Roopali Prabhu, CIO, Sanctum Wealth.

CAG to assess impact of old pension scheme on finances | Economic Times

July 25, 2022 0
CAG to assess impact of old pension scheme on finances | Economic Times
CAG to assess impact of old pension scheme on finances https://ift.tt/MprsU3y CAG has also started work on a comprehensive account of natural resources in the country that will aid policymakers in planning their sustainable utilisation.

Sunday, July 24, 2022

Big Movers on D-St: What should investors do with Eicher Motors, GSFC and HDFC Bank? | Economic Times

July 24, 2022 0
Big Movers on D-St: What should investors do with Eicher Motors, GSFC and HDFC Bank? | Economic Times
Big Movers on D-St: What should investors do with Eicher Motors, GSFC and HDFC Bank? https://ift.tt/jWkZrwi in focus include names like Eicher Motors which hit a fresh 52-week high, GSFC which rose more than 14 per cent, and HDFC Bank which closed with gains of over 2 per cent on Friday.

HDFC Bank to be among global top 10 after merger | Economic Times

July 24, 2022 0
HDFC Bank to be among global top 10 after merger | Economic Times
HDFC Bank to be among global top 10 after merger https://ift.tt/SGXYLNR Bank has a market capitalisation of about $108 billion. It has recently edged past Citigroup (over $100. 5 billion), which was at number 17. HDFC Bank is worth more than UBS and DBS Group (both valued at around $58 billion). The country’s largest lender SBI ($57 billion) is at number 32 ahead of BNP Paribas ($55 billion) in terms of valuation.

Bullish sentiment could take Nifty to 17,000: Analysts | Economic Times

July 24, 2022 0
Bullish sentiment could take Nifty to 17,000: Analysts | Economic Times
Bullish sentiment could take Nifty to 17,000: Analysts https://ifttt.com/images/no_image_card.png​ Markets had a very powerful week and the index also moved past the 20-week moving average which stands at 16,580 levels. The most logical move is likely to take the markets to their 50-weekly moving average which is placed at around 17,050.

Infosys numbers reflect demand traction amid short-term cost pressures | Economic Times

July 24, 2022 0
Infosys numbers reflect demand traction amid short-term cost pressures | Economic Times
Infosys numbers reflect demand traction amid short-term cost pressures https://ift.tt/V3EKuv8 country's second-largest IT exporter declared quarterly numbers on a Sunday, unusual when compared with its track record of reporting results on weekdays. The headline numbers were a mixed bag. The 5.5% sequential growth in the dollar denominated revenue keeping the currency rates constant (CC) was better than the 2-3.5% growth reported by top peers.

Market mavens use Q1 dips for big buys | Economic Times

July 24, 2022 0
Market mavens use Q1 dips for big buys | Economic Times
Market mavens use Q1 dips for big buys https://ifttt.com/images/no_image_card.png​​Chennai-based Dolly Khanna, whose portfolio is managed by her husband Rajiv Khanna, picked up stocks such as Chennai Petroleum Corporation, National Oxygen and Monte Carlo Fashions. Chennai Petroleum surged 145% in the June quarter amid rising crude oil prices.

GIFT City regulator to supplement local peers’ initiatives to lift foreign inflows | Economic Times

July 24, 2022 0
GIFT City regulator to supplement local peers’ initiatives to lift foreign inflows | Economic Times
GIFT City regulator to supplement local peers’ initiatives to lift foreign inflows https://ifttt.com/images/no_image_card.png​​Banks including State Bank of India and Axis Bank have doubled consolidated balance sheet size to $35 billion in the last two years since the unified regulator assumed formal status. Prime Minister Narendra Modi is likely to visit GIFT City this Friday after a gap of five years, launching a host of new initiatives.

Banks question transfer of funds by NRIs via LLP route | Economic Times

July 24, 2022 0
Banks question transfer of funds by NRIs via LLP route | Economic Times
Banks question transfer of funds by NRIs via LLP route https://ift.tt/V3EKuv8 use of limited liability partnership (LLP) vehicles by NRIs to repatriate funds overseas has come under the scrutiny of large domestic banks where these individuals have their non-resident ordinary (NRO) account.

Private equity inflows touch a record $27 billion in H1 | Economic Times

July 24, 2022 0
Private equity inflows touch a record $27 billion in H1 | Economic Times
Private equity inflows touch a record $27 billion in H1 https://ift.tt/Eq8sMdI by big-ticket private equity investors and venture capitalists rose 15.5% year-on-year, according to data compiled by Indian Venture Capital Association (IVCA). As many as 713 deals were signed between January and June compared with 526 in the corresponding period last year.

Trust-based taxation system resulting in improved collections: FM Nirmala Sitharaman | Economic Times

July 24, 2022 0
Trust-based taxation system resulting in improved collections: FM Nirmala Sitharaman | Economic Times
Trust-based taxation system resulting in improved collections: FM Nirmala Sitharaman https://ift.tt/J2gNM8A In her message on the 163rd Income Tax Day, the finance minister complimented the department for achieving the highest-ever revenue collection of over Rs 14 lakh crore in the last fiscal and expressed hope that the momentum would continue in the current fiscal too.

Gold sees glimmer of hope as US dollar hits rough patch | Economic Times

July 24, 2022 0
Gold sees glimmer of hope as US dollar hits rough patch | Economic Times
Gold sees glimmer of hope as US dollar hits rough patch https://ift.tt/V3EKuv8 US dollar index fell 1.2 per cent last week marking its first decline in four weeks and has corrected more than 2 per cent from the 2002 high set earlier this month. The US currency lost momentum last week also as European Central Bank joined other central banks in monetary tightening ECB raised interest rate for the first time since 2011 and decided to raise lending rate directly by 0.5 per cent surprising few who were expecting a more gradual approach.

Prashant Jain, the Don Bradman of the MF industry, its ambassador | Economic Times

July 24, 2022 0
Prashant Jain, the Don Bradman of the MF industry, its ambassador | Economic Times
Prashant Jain, the Don Bradman of the MF industry, its ambassador https://ift.tt/V3EKuv8 celebrity fund manager had been managing the Balanced Advantage Fund since its inception in 1994. Besides, Jain was India's first fund manager to oversee Rs 1-lakh-crore worth of equity assets. His parting ways with HDFC AMC has kept social media portals abuzz.

Friday, July 22, 2022

5 world market themes for the week ahead | Economic Times

July 22, 2022 0
5 world market themes for the week ahead | Economic Times
5 world market themes for the week ahead https://ift.tt/uINo5Dh there have been several notable beats this season, it's early days and many worry that earnings estimates may not hold up in the face of the highest inflation in four decades and tightening financial conditions.

Reliance warns of global recession headwinds | Economic Times

July 22, 2022 0
Reliance warns of global recession headwinds | Economic Times
Reliance warns of global recession headwinds https://ift.tt/XQJqlIx oil prices have slipped in the past two weeks and if they fall this week, it will be the third weekly drop -- the longest run of declines this year -- primarily due to fears that a global slowdown may dampen demand for fuels.

Fintechs should operate under the licenses granted: RBI Governor Das | Economic Times

July 22, 2022 0
Fintechs should operate under the licenses granted: RBI Governor Das | Economic Times
Fintechs should operate under the licenses granted: RBI Governor Das https://ift.tt/D9R8lyr central bank has been highlighting the risks posed to the financial system due to fintech and big tech firms. In its recently released Financial Stability Report (FSR) the RBI had called for the need to shield the financial system from the fintech industry’s potential to cause instability.

Jio Platforms' Q1 profit gets a 24% boost from tariff hikes | Economic Times

July 22, 2022 0
Jio Platforms' Q1 profit gets a 24% boost from tariff hikes | Economic Times
Jio Platforms' Q1 profit gets a 24% boost from tariff hikes https://ift.tt/DPg7BxK the April-June quarter, JPL's consolidated net profit stood at ₹4,530 crore from ₹4,313 crore in the January-March quarter and ₹3,651 crore in the year-ago period, the company said on Friday. Analysts said this signalled an end to the SIM consolidation it witnessed since the increase in tariffs late last year.

Thursday, July 21, 2022

Record numbers: 73 companies announce bonus issues so far | Economic Times

July 21, 2022 0
Record numbers: 73 companies announce bonus issues so far | Economic Times
Record numbers: 73 companies announce bonus issues so far https://ift.tt/meaI6z2 shares are additional shares a company gives free to its existing shareholders based on the number of shares they hold. For instance, a company could give one bonus share for one share held or two bonus shares for every share owned by the investor.

Sai Silks (Kalamandir) likely to file draft papers for Rs 1,000-1,200 crore IPO soon | Economic Times

July 21, 2022 0
Sai Silks (Kalamandir) likely to file draft papers for Rs 1,000-1,200 crore IPO soon | Economic Times
Sai Silks (Kalamandir) likely to file draft papers for Rs 1,000-1,200 crore IPO soon https://ift.tt/NyYljF3 to a recent note by CARE Rating, Sai Silks had a network of 45 retail outlets across South India as of September 30, 2021. Sai Silks' flagship brand Kalamandir has stores in Telangana, Andhra Pradesh, and Karnataka.

IDBI Bank Q1 Results: Profit rises 25% to Rs 756 crore | Economic Times

July 21, 2022 0
IDBI Bank Q1 Results: Profit rises 25% to Rs 756 crore | Economic Times
IDBI Bank Q1 Results: Profit rises 25% to Rs 756 crore https://ift.tt/2ehgoDl bank's asset quality improved with gross Non-Performing Assets (NPAs) falling to 19.90 per cent of the gross advances as of June 2022 from 22.71 per cent as of June 2021, according to a regulatory filing.

Wall Street closes higher boosted by strong Tesla earnings | Economic Times

July 21, 2022 0
Wall Street closes higher boosted by strong Tesla earnings | Economic Times
Wall Street closes higher boosted by strong Tesla earnings https://ifttt.com/images/no_image_card.png"The earnings picture has been maybe a little better than investors feared," said J. Bryant Evans, investment adviser and portfolio manager at Cozad Asset Management. "We investors are thinking that ..especially technology (sector) has come down too far, and maybe there's some valuation opportunities there."

Sebi proposes regulations for online bond platforms | Economic Times

July 21, 2022 0
Sebi proposes regulations for online bond platforms | Economic Times
Sebi proposes regulations for online bond platforms https://ift.tt/ZjicDK7 privately placed debt securities, it is mandatory to be made through Electronic Book Provider (EBP) platform, for issuers who are in existence for three years and more and where the issue size is of ₹100 crore or more.

Wednesday, July 20, 2022

Oil stocks get a lift from cut in windfall taxes, RIL gains 2.5% | Economic Times

July 20, 2022 0
Oil stocks get a lift from cut in windfall taxes, RIL gains 2.5% | Economic Times
Oil stocks get a lift from cut in windfall taxes, RIL gains 2.5% https://ift.tt/ND9VLW0 government on July 1 imposed an export tax on petrol, diesel and aviation turbine fuel (ATF) as well as a windfall tax on crude oil produced locally, sending stock prices of oil refiners and producers crashing. The moves dented market expectations of further record profits, which have been driven by elevated oil prices and a global energy deficit.

AU Small Finance Bank Q1 Results: Profit jumps 32% to Rs 268 crore | Economic Times

July 20, 2022 0
AU Small Finance Bank Q1 Results: Profit jumps 32% to Rs 268 crore | Economic Times
AU Small Finance Bank Q1 Results: Profit jumps 32% to Rs 268 crore https://ift.tt/ND9VLW0 Jaipur-based lender reported a marginal dip in the quarterly net interest margin at 5.9% from 6% in the year-ago period.Its net interest income, however, rose 35% to Rs 976 crore against Rs 924 crore.

Wall Street closes higher boosted by tech stocks gains on upbeat earnings | Economic Times

July 20, 2022 0
Wall Street closes higher boosted by tech stocks gains on upbeat earnings | Economic Times
Wall Street closes higher boosted by tech stocks gains on upbeat earnings https://ift.tt/AquJh3z vehicle maker Tesla Inc rose 2% in extended trading after reporting a rise in quarterly profit after the bell. "Equity prices are trending in a roller coaster fashion, currently being at the mercy of inflation, interest rates and earnings," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.

Global inflationary pressures likely to persist longer than markets suspect: Jim Walker | Economic Times

July 20, 2022 0
Global inflationary pressures likely to persist longer than markets suspect: Jim Walker | Economic Times
Global inflationary pressures likely to persist longer than markets suspect: Jim Walker https://ift.tt/qizOGZH expect inflationary pressures to persist for a lot longer than the markets suspect. Once prices have been disturbed to a large extent, which is the case now, they feed back on themselves. The direction of inflation today, regardless of the correction in commodity prices, is unpredictable.

Thandai Mix

July 20, 2022 0
Thandai Mix
Craving for a quick relaxing drink? Then try this super simple and healthy Thandai mix at home. Just mix it with some milk and indulge in a soul satiating experience. To make this simple drink mix you need some kitchen ingredients and you are good to go! This Thandai mix can be mixed with drinks, milk and can be used to make Kulfi and other sweet treats. So, without a further ado, let’s get started with this super easy recipe. Try it today and share your feedback with us in the below given comment section.

INGREDIENTS

2 cup almonds

1/2 cup vettiver (khas khas grass)

1 cup fennel seeds

1/2 cup melon seeds

1/2 cup cashews-roasted

1 cup powdered sugar

2 tablespoon green cardamom

1 tablespoon black pepper

1 teaspoon saffron

2 tablespoon gulkand

0 water as required

0 cold milk as required

How to make Thandai Mix

Step 1

Soak everything except Gulkand in a separate bowl for 4-5 hours.

Step 2

Grind the fennel seeds, black pepper and cardamom and strain the mixture using little water, discard the residue.

Step 3

Peel the almonds and grind it with khas khas, cashew nuts and melon seeds(maghaz). Strain the mixture using little water and discard the residue. Take the above mixtures in a big bowl and add saffron , sugar and Gulkand to it, mix well. The Thandai mix is ready, it can be stored in refrigerator.

Step 4

Take 1 tablespoon of Thandai mix and add chilled milk to relish the authentic taste and beat the heat.

Via Recipes & Food: Easy & Healthy Recipes, Beverages, Food Articles Online on Times Food https://ift.tt/SC4V6kf

Tuesday, July 19, 2022

HUL's better-than-expected Q1 show to support stock in volatile market | Economic Times

July 19, 2022 0
HUL's better-than-expected Q1 show to support stock in volatile market | Economic Times
HUL's better-than-expected Q1 show to support stock in volatile market https://ift.tt/0jLolq9 sales increased 19.5%, net profit 11% and volumes grew 6%. While the home care segment posted 30%+ growth in topline and bottomline and maintained its margin, the other segments of personal care and food & refreshments suffered on the margin front.

Asian shares extend a global rally as dollar languishes | Economic Times

July 19, 2022 0
Asian shares extend a global rally as dollar languishes | Economic Times
Asian shares extend a global rally as dollar languishes https://ift.tt/g8qmbOB Inc predicted that it would return to customer growth this quarter, after a smaller-than-expected drop in subscribers in the second quarter. Its shares gained 8% in after-hours trading.

Oil falls on inflation concerns, anticipated stock builds | Economic Times

July 19, 2022 0
Oil falls on inflation concerns, anticipated stock builds | Economic Times
Oil falls on inflation concerns, anticipated stock builds https://ift.tt/INeU9sS prices whipsawed in the previous session, caught in a tug-of-war between supply fears due to Western sanctions on Russia and pressures on indications from central bankers that they will raise interest rates to combat inflation.

Axis MF found evidence pointing to violations of securities laws: Chandresh Nigam | Economic Times

July 19, 2022 0
Axis MF found evidence pointing to violations of securities laws: Chandresh Nigam | Economic Times
Axis MF found evidence pointing to violations of securities laws: Chandresh Nigam https://ift.tt/vzFVpBh were multiple triggers. We were coming back to the office from a work from home system and our auditors said they were unable to comment on work from home controls during that period. That made some of us including the audit committee a bit uncomfortable. There were some market rumours too. That is when we decided to do a review.

Tech View: Nifty50 forms bullish candle, eyes 16,500 level | Economic Times

July 19, 2022 0
Tech View: Nifty50 forms bullish candle, eyes 16,500 level | Economic Times
Tech View: Nifty50 forms bullish candle, eyes 16,500 level https://ift.tt/Wv021at credibility of this upmove was enhanced as Nifty50 witnessed buying interest on dips, said Mazhar Mohammad of Chartviewindia.in. Mohammad said that the index can test its 200-day EMA, whose value is placed around 16,520 level if it were to sustain above the 16,187 level.

Monday, July 18, 2022

This Rakesh Jhunjhunwala auto stock has 30% upside scope | Economic Times

July 18, 2022 0
This Rakesh Jhunjhunwala auto stock has 30% upside scope | Economic Times
This Rakesh Jhunjhunwala auto stock has 30% upside scope https://ifttt.com/images/no_image_card.png"Improvement in volumes can have a disproportionately positive impact on cash flows and hence debt reduction," it said. "Domestic PV business remains at the peak of its health with a strong market share of around 14 per cent."

Bitcoin tops $22,000, crypto m-cap hits $1 tn. Is tide turning for the industry? | Economic Times

July 18, 2022 0
Bitcoin tops $22,000, crypto m-cap hits $1 tn. Is tide turning for the industry? | Economic Times
Bitcoin tops $22,000, crypto m-cap hits $1 tn. Is tide turning for the industry? https://ift.tt/OL0SgAZ, meanwhile, beat the crypto behemoth as Polygon zoomed more than 13 per cent. Ethereum rallied over 7 per cent to top the $1,450 mark in the last 24 hours.The global crypto market cap rose more than 3 per cent to reclaim the $1 trillion mark. The total crypto market volume over the last 24 hours stood at $70.38 billion, registering a rise of more than 7 per cent

Sunday, July 17, 2022

How rupee depreciation will impact various sectors | Economic Times

July 17, 2022 0
How rupee depreciation will impact various sectors | Economic Times
How rupee depreciation will impact various sectors https://ifttt.com/images/no_image_card.png​​Nomura expects INR to fall to `82 in the third quarter of this calendar year. In general, net exporters will gain as they will receive more rupees for their dollars while net importers will need to pay more to buy dollars for imports. Those with large foreign loans will also see rupee interest costs rise. ET looks at the sectors impacted the most.

Sticky overseas funds stay glued to Indian equities amid broader sell-off | Economic Times

July 17, 2022 0
Sticky overseas funds stay glued to Indian equities amid broader sell-off | Economic Times
Sticky overseas funds stay glued to Indian equities amid broader sell-off https://ift.tt/iLJ6OBu cumulative share of long-term funds that include sovereign wealth funds, central banks of other countries, pension funds, and funds owned by government entities in Indian equities stood at 24.12% in June 2022, a gain of around 100 basis points in the last one year and 200 bps higher than pre-Covid period, data from NSDL show. One basis point is 0.01%.

Q1 GDP growth seen at 14-15% on services' revival | Economic Times

July 17, 2022 0
Q1 GDP growth seen at 14-15% on services' revival | Economic Times
Q1 GDP growth seen at 14-15% on services' revival https://ift.tt/iLJ6OBu median estimate in the poll of 10 economists was 14.43%. It pegged FY23 growth at 7.2-7.6%. The Reserve Bank of India (RBI) has forecast 16.2% GDP growth for the first quarter and 7.2% for the fiscal year.

Navigating market volatility with Nifty Alpha Low Volume ETF | Economic Times

July 17, 2022 0
Navigating market volatility with Nifty Alpha Low Volume ETF | Economic Times
Navigating market volatility with Nifty Alpha Low Volume ETF https://ifttt.com/images/no_image_card.png"Investors who are averse to market volatility can consider products where low volatility is one of the primary criteria while putting together a portfolio. Also, investors seek to outperform high alpha generating names as well in the portfolio. This is where offerings based on two factors – Alpha and Low Volatility – come into the picture."

Saturday, July 16, 2022

Wall Street set for new ETF gold rush as single-stock era begins | Economic Times

July 16, 2022 0
Wall Street set for new ETF gold rush as single-stock era begins | Economic Times
Wall Street set for new ETF gold rush as single-stock era begins https://ift.tt/rP5cCHV eight products from AXS Investments look like the start of a coming invasion of amped-up strategies that will seek to enhance or invert the performance of volatile companies, including Tesla Inc., Nvidia Corp. and PayPal Holdings Inc. Another proposed lineup from Toroso Investments offers to layer on a bullish options strategy in order to boost returns

Unstoppable dollar risks worsening $71 billion Asia stock exodus | Economic Times

July 16, 2022 0
Unstoppable dollar risks worsening $71 billion Asia stock exodus | Economic Times
Unstoppable dollar risks worsening $71 billion Asia stock exodus https://ift.tt/rP5cCHV dollar has steamrolled through global currency markets lately, benefiting from bets on aggressive Federal Reserve rate hikes. A stronger greenback bodes ill for Asian stocks when it signals lower risk appetite and is also seen as negative for growth in emerging economies, many of which rely on imports priced in the currency.

Pharma & FMCG stocks better placed; buy the dips in Nifty: Viraj Vyas | Economic Times

July 16, 2022 0
Pharma & FMCG stocks better placed; buy the dips in Nifty: Viraj Vyas | Economic Times
Pharma & FMCG stocks better placed; buy the dips in Nifty: Viraj Vyas https://ift.tt/rP5cCHV Nifty Bank is critical as its constituent have about one third weightage in the Nifty50 Index. However, banking stocks led the rally in the first week of July which was latter affected by sectoral rotation, as said by analysts.Technically, the index did face pressure at the 200 DMA, where the profit booking move commenced, said Vyas.

Cargo plane crashes near Greece's northern city of Kavala | Economic Times

July 16, 2022 0
Cargo plane crashes near Greece's northern city of Kavala | Economic Times
Cargo plane crashes near Greece's northern city of Kavala https://ift.tt/J5uHPGy TV ERT reported that the aircraft was an Antonov An-12 owned by a Ukrainian company, which was flying from Serbia to Jordan. The pilot had requested an emergency landing due to an engine problem but the aircraft's signal was lost. Video footage uploaded on ertnews.gr showed the aircraft in flames descending fast before hitting the ground in what appeared to be an explosion

RBI, Centre look to ensure gradual Rupee depreciation | Economic Times

July 16, 2022 0
RBI, Centre look to ensure gradual Rupee depreciation | Economic Times
RBI, Centre look to ensure gradual Rupee depreciation https://ifttt.com/images/no_image_card.png"The strength of the US dollar against the Indian rupee cannot be viewed as an isolated case," said one official. "It is just part of the strength of the US dollar globally, against all currencies - developed or emerging." They added that the Dollar Index has gained 13% this year against six major currencies - euro, pound, yen, Swiss franc, Canadian dollar and Swedish krona.

VIL shareholders approve Rs 436 cr equity allocation to Vodafone | Economic Times

July 16, 2022 0
VIL shareholders approve Rs 436 cr equity allocation to Vodafone | Economic Times
VIL shareholders approve Rs 436 cr equity allocation to Vodafone https://ift.tt/ISh3XMx Group at present holds 58.46 per cent stake in the company and Aditya Birla Group 16.53 per cent. The company had raised Rs 3,375 crore from Vodafone Group and Rs 1,125 crore from Aditya Birla Group in March. VIL has been trying to raise funds in the range of Rs 20,000-25,000 crore from external sources since the last two years but has failed to attract any investor.

Surprise tightening in Asia ups pressure on dovish central banks | Economic Times

July 16, 2022 0
Surprise tightening in Asia ups pressure on dovish central banks | Economic Times
Surprise tightening in Asia ups pressure on dovish central banks https://ift.tt/i83atvp is on countries like India who are already returning policy toward pre-pandemic levels. That’s because higher borrowing costs in the US tend to drain capital from emerging markets as money managers chase yields amid negative real rates in Asia.

Is Warren Buffett's interest in Occidental a bet against recession? | Economic Times

July 16, 2022 0
Is Warren Buffett's interest in Occidental a bet against recession? | Economic Times
Is Warren Buffett's interest in Occidental a bet against recession? https://ift.tt/BaHC3Du, who told shareholders earlier this year that cash is like oxygen, is likely attracted by estimates showing Occidental's cash flow potential has soared, analysts said. He added 4.3 million this week bringing direct holdings to 179.4 million. The stock is up about 80% so far this year.

Wall St Week Ahead-Recession fears loom over U.S. value stocks | Economic Times

July 16, 2022 0
Wall St Week Ahead-Recession fears loom over U.S. value stocks | Economic Times
Wall St Week Ahead-Recession fears loom over U.S. value stocks https://ifttt.com/images/no_image_card.png"If you think we are in a recession or are going into a recession, that does not necessarily ... work to the advantage of value stocks," said Chuck Carlson, chief executive at Horizon Investment Services.

Friday, July 15, 2022

Mind Over Money: This global country head believes in one simple rule to keep calm | Economic Times

July 15, 2022 0
Mind Over Money: This global country head believes in one simple rule to keep calm | Economic Times
Mind Over Money: This global country head believes in one simple rule to keep calm https://ift.tt/b3FlLwq started my career in investment banking, which was basically transactions. And transactions, as you know, are equally unpredictable. And when you throw the two together, transactions and financial markets, you're basically waking up every day, not knowing what's going to do that day.

Thursday, July 14, 2022

Kotak Bank-backed ARC acquires Rs 1,470-cr loan portfolio from L&T Finance | Economic Times

July 14, 2022 0
Kotak Bank-backed ARC acquires Rs 1,470-cr loan portfolio from L&T Finance | Economic Times
Kotak Bank-backed ARC acquires Rs 1,470-cr loan portfolio from L&T Finance https://ift.tt/m7FSrPh Finance sold the portfolio of four accounts for ₹980 crore, equating to a recovery of nearly 66%, the people cited above said. The other two accounts are C&C Construction, an engineering, procurement and construction company, and Sky One Corporate Park, a realty developer.

LIC's embedded value pegged at Rs 5.42 lakh crore | Economic Times

July 14, 2022 0
LIC's embedded value pegged at Rs 5.42 lakh crore | Economic Times
LIC's embedded value pegged at Rs 5.42 lakh crore https://ift.tt/hI4uiRa insurer that listed on the bourses this year said that its Indian embedded value was ₹5.42 lakh crore as of end-March, nearly six times of what it was a year back. The return on embedded value was 11.9% as compared to 36.9% in the year-ago period. The value was disclosed late while the company said it will be announced with quarterly results henceforth.

Rupee tanks below 80/dollar | Economic Times

July 14, 2022 0
Rupee tanks below 80/dollar | Economic Times
Rupee tanks below 80/dollar https://ift.tt/ebGtzku, currency deals were reported at 80.05 to a dollar immediately after the formal trading hours in the over-the-counter market where corporate clients and large banks transact. Also, in the non-deliverable forwards, the notional spot value touched 80, dealers told ET. It dropped to as much as 80.18 until Thursday evening.

S&P 500, Dow close lower after bank earnings, inflation data | Economic Times

July 14, 2022 0
S&P 500, Dow close lower after bank earnings, inflation data | Economic Times
S&P 500, Dow close lower after bank earnings, inflation data https://ifttt.com/images/no_image_card.png"There was an irrational response to the JPMorgan and Morgan Stanley results," said Jay Hatfield, chief executive and portfolio manager at InfraCap in New York. "It wasn't a surprise that investment banking was weak."

MFs go for auto refill in June, dump metals | Economic Times

July 14, 2022 0
MFs go for auto refill in June, dump metals | Economic Times
MFs go for auto refill in June, dump metals https://ifttt.com/images/no_image_card.png​​The sector weight in the domestic fund portfolio reached a 42-month high of 7.6% in June 2022 according to the data compiled by Motilal Oswal Financial Services. This was the fourth month in a row when the weight increased on a month-on-month basis.

Wednesday, July 13, 2022

Fed could weigh 100 bps hike after inflation scorcher | Economic Times

July 13, 2022 0
Fed could weigh 100 bps hike after inflation scorcher | Economic Times
Fed could weigh 100 bps hike after inflation scorcher https://ifttt.com/images/no_image_card.png"I think they have time, if they want, to change that expectation to 100. I don't think they've given us a great reason why they should be going slow here," said Michael Feroli, chief US economist at JPMorgan.

Gold dips after US inflation data sparks jumbo rate hike concerns | Economic Times

July 13, 2022 0
Gold dips after US inflation data sparks jumbo rate hike concerns | Economic Times
Gold dips after US inflation data sparks jumbo rate hike concerns https://ifttt.com/images/no_image_card.png​​​​​Markets swung wildly on Wednesday, as the euro touched parity versus the dollar for the first time in 20 years, while investors also feared larger Fed rate hikes could be on the way. The Fed is seen ramping up its battle with sky-high inflation with a supersized 100 basis points rate hike at its upcoming policy meeting on July 26-27. * Although gold is seen as an inflation hedge, higher rates hurt the appeal of bullion, which bears no interest

MFI loans due for 90 days touch Rs 32,000 crore | Economic Times

July 13, 2022 0
MFI loans due for 90 days touch Rs 32,000 crore | Economic Times
MFI loans due for 90 days touch Rs 32,000 crore https://ift.tt/tvW3OGm high level of sticky loans has shortened the odds on more future write-off by lenders. Write-offs increased to 4.8% at the end of March from 4.4% of the total portfolio three months prior to that, according to the CRIF data, which was released Wednesday.

Piramal Capital close to sale of Rs 4300 crore stressed loans | Economic Times

July 13, 2022 0
Piramal Capital close to sale of Rs 4300 crore stressed loans | Economic Times
Piramal Capital close to sale of Rs 4300 crore stressed loans https://ift.tt/DN9qb6S a notice on its website, Piramal Capital and Housing Finance (PCHF) stated that any counterbid under the Swiss challenge should be at least 5% higher than the anchor bid of ₹710 crore. IndiaRF, as the anchor bidder, will have the first right to match any counteroffer that Piramal receives for the portfolio.

Criminal Investigation Department interrogates 2 BJP MLAs' kin in AIIMS job case | Economic Times

July 13, 2022 0
Criminal Investigation Department interrogates 2 BJP MLAs' kin in AIIMS job case | Economic Times
Criminal Investigation Department interrogates 2 BJP MLAs' kin in AIIMS job case https://ift.tt/iTyHeRM of relatives of four BJP MLAs had come up in this connection. The CID has taken over investigation in connection with alleged recruitment irregularities at AIIMS Kalyani in Nadia district of Bengal in the first week of June, where names of MoS Subhas Sarkar, Ranaghat MP Jagannath Sarkar and Bankura MLA Niladrisekhar Dana have come up.

Tuesday, July 12, 2022

Now's the time to bond with beaten-down chemical stocks | Economic Times

July 12, 2022 0
Now's the time to bond with beaten-down chemical stocks | Economic Times
Now's the time to bond with beaten-down chemical stocks https://ift.tt/RMtDaAx of various chemical companies have been under pressure in recent months on account of a rise in raw material prices and supply disruptions. While shares of Aarti Industries, Alkyl Amines, and Deepak Nitrite have declined 28% each since January 1, Clean Science and Fine Organics plunged 34% and 39%, respectively, during this period.

RBI meets bank executives to get market pulse | Economic Times

July 12, 2022 0
RBI meets bank executives to get market pulse | Economic Times
RBI meets bank executives to get market pulse https://ift.tt/lBE4UQN comes amid a falling rupee, which has triggered a slew of regulatory actions aimed at bringing back overseas inflows and cutting import-related dollar payments.

HCL Tech reports sustained business momentum amid higher attrition | Economic Times

July 12, 2022 0
HCL Tech reports sustained business momentum amid higher attrition | Economic Times
HCL Tech reports sustained business momentum amid higher attrition https://ifttt.com/images/no_image_card.png​​The better than expected financial numbers and a sustained business momentum may help in limiting the downside for the stock subject to the extent of weakness in the broader market.

ACC, Ambuja stocks may lag after Adani's open offer | Economic Times

July 12, 2022 0
ACC, Ambuja stocks may lag after Adani's open offer | Economic Times
ACC, Ambuja stocks may lag after Adani's open offer https://ifttt.com/images/no_image_card.png"Given the out-performance and benefits of the acquisition will be back-ended, we expect these stocks to underperform following the close of the open offer and for the discount to large-cap peers to widen," said CLSA.

Ex-Gujarat CM Shankersinh Vaghela's son in talks to join BJP | Economic Times

July 12, 2022 0
Ex-Gujarat CM Shankersinh Vaghela's son in talks to join BJP | Economic Times
Ex-Gujarat CM Shankersinh Vaghela's son in talks to join BJP https://ift.tt/9vTGjKn had earlier joined the BJP in July 2018 but resigned from the party in October that year. Most of Vaghela's supporters, who were in the Congress had shifted sides to the BJP following the Rajya Sabha elections in 2017 after voting for the BJP candidates. Vaghela, against his father's wishes, joined the BJP later only to tender resignation within three months.

Former Himachal Pradesh BJP president Khimi Ram joins Congress | Economic Times

July 12, 2022 0
Former Himachal Pradesh BJP president Khimi Ram joins Congress | Economic Times
Former Himachal Pradesh BJP president Khimi Ram joins Congress https://ifttt.com/images/no_image_card.png"I am not joining the Congress out of any anger towards the BJP. I have taken a well-thought out decision to take the Congress forward in Himachal Pradesh," said Ram at the joining function at the AICC with Congress in-charge of the state Rajiv Shukla flanking him along with a couple of AICC secretaries. Ram, a two-time ex-MLA was also a minister and deputy speaker earlier, has been sulking ever since he was denied a ticket by the BJP in 2017 state polls.

Monday, July 11, 2022

PM to launch SGX Nifty trade at GIFT | Economic Times

July 11, 2022 0
PM to launch SGX Nifty trade at GIFT | Economic Times
PM to launch SGX Nifty trade at GIFT https://ift.tt/946fGPO Stock Exchange and SGX have formed a special purpose vehicle (SPV) - NSE International Financial Service Centre (IFSC)-SGX Connect - to launch Nifty products at the Gift City. SGX Nifty Futures will be traded at GIFT city for close to 19 hours a day, said the person familiar with the matter.

RBI allows payments for cross-border trade in rupee, move to benefit trade with Russia | Economic Times

July 11, 2022 0
RBI allows payments for cross-border trade in rupee, move to benefit trade with Russia | Economic Times
RBI allows payments for cross-border trade in rupee, move to benefit trade with Russia https://ift.tt/fnFhmxK be sure, India’s widening trade gap has also caused the rupee to lately slide to lifetime lows against the US dollar, exacerbating the threat of imported inflation in a country that relies on overseas shipments for meeting nearly four-fifths of its annual motor-fuel demand. A greater global trade share for the rupee will help the central bank preserve its foreign exchange stockpile, dealers said.

Asian stocks at lowest in two years, euro near par with dollar on growth fears | Economic Times

July 11, 2022 0
Asian stocks at lowest in two years, euro near par with dollar on growth fears | Economic Times
Asian stocks at lowest in two years, euro near par with dollar on growth fears https://ift.tt/2W0amo8 euro fell as low as $1.0006 against the U.S. dollar, moving ever closer to parity for the first time since December 2002, as investors worry an energy crisis will tip the region into a recession.

SIPs run into market turbulence | Economic Times

July 11, 2022 0
SIPs run into market turbulence | Economic Times
SIPs run into market turbulence https://ift.tt/l2TZy0W market volatility and falling portfolio returns seem to have dented the enthusiasm for systematic investment plans (SIPs) in MF schemes with new account additions slowing down in June.

Sagar Cements seen leading race for Jaypee Group's Andhra Cements | Economic Times

July 11, 2022 0
Sagar Cements seen leading race for Jaypee Group's Andhra Cements | Economic Times
Sagar Cements seen leading race for Jaypee Group's Andhra Cements https://ift.tt/MYnV2fz RP Nirav Pujara has admitted ₹1,356 crore by way of claims from financial creditors. Sagar Cements would have to shell out more if it were to acquire Andhra Cements outside the ambit of the Insolvency and Bankruptcy Code, one of the persons cited above said.

Sunday, July 10, 2022

Nifty’s pullback rally hints at improving market sentiment | Economic Times

July 10, 2022 0
Nifty’s pullback rally hints at improving market sentiment | Economic Times
Nifty’s pullback rally hints at improving market sentiment https://ifttt.com/images/no_image_card.png​The Nifty is forming bullish candle on weekly scale with its higher-high higherlow sequence and supports are gradually shifting higher. India VIX was up by around 13% last week and has been falling for the last seven consecutive sessions, suggesting some comforts for the bulls.

RBI governor to meet FPIs, senior fund officials | Economic Times

July 10, 2022 0
RBI governor to meet FPIs, senior fund officials | Economic Times
RBI governor to meet FPIs, senior fund officials https://ift.tt/tjlV8iO early April, RBI had revised the inflation forecast for 2022-23 to 5.7% (from 4.5% it had projected in February), and in June the number for the current fiscal was raised to 6.7%. The revisions, in quick succession, have drawn the attention of almost everyone across financial markets.

HDFC set to upsize offshore loan to $1 billion as ECB rules eased | Economic Times

July 10, 2022 0
HDFC set to upsize offshore loan to $1 billion as ECB rules eased | Economic Times
HDFC set to upsize offshore loan to $1 billion as ECB rules eased https://ift.tt/E8qKjLW State Bank of India (SBI) is said to join the syndication process that already has confirmed participation from Mizuho Bank, MUFG and Standard Chartered Bank, the people cited above said.

Macro concerns may limit headroom for TCS stock: Analysts | Economic Times

July 10, 2022 0
Macro concerns may limit headroom for TCS stock: Analysts | Economic Times
Macro concerns may limit headroom for TCS stock: Analysts https://ift.tt/3mcDFl2 Morgan has retained an underweight rating on TCS with an unchanged target price of ₹2,800. "We expect margins to stay below 25% over the next three years and earnings growth to be in the single digits which makes these valuations excessive," said JP Morgan.

EV bet to give Mahindra's valuation an all-wheel drive | Economic Times

July 10, 2022 0
EV bet to give Mahindra's valuation an all-wheel drive | Economic Times
EV bet to give Mahindra's valuation an all-wheel drive https://ift.tt/E8qKjLW monetisation could add around ₹130-160 per share to the SUV business valuation and its share could reach a quarter of the total fair value of the company as the valuation of the SUV business shoots up. The SUV business is in a sweet spot after a gap of nearly eight years, with positive triggers resulting in continuous improvement of the fair value of the SUV business.

UBS weighs elevating Iqbal Khan to head wealth managment | Economic Times

July 10, 2022 0
UBS weighs elevating Iqbal Khan to head wealth managment | Economic Times
UBS weighs elevating Iqbal Khan to head wealth managment https://ift.tt/xbm1pQD Naratil, who co-leads the private banking business with Khan, may keep his regional role as the head of UBS's business in the Americas, people with knowledge of the deliberations said. No final decisions have been made and the plans could still change, they said.

Supplementary demand for grants unlikely in the upcoming monsoon session | Economic Times

July 10, 2022 0
Supplementary demand for grants unlikely in the upcoming monsoon session | Economic Times
Supplementary demand for grants unlikely in the upcoming monsoon session https://ift.tt/tjlV8iO 2021-22, the government had presented a ₹1.87 lakh crore first supplementary demand for grants on July 20, proposing a net cash outlay of ₹23,675 crore. In the fiscal, the government exceeded the budgeted fiscal deficit target by about ₹80,000 crore. It had raised the target to 6.9% of GDP from 6.8% pegged in the budget, but actual came in at 6.7% of GDP on back of improved revenues.

When is the right time to sell a stock? American investor Nick Maggiulli explains | Economic Times

July 10, 2022 0
When is the right time to sell a stock? American investor Nick Maggiulli explains | Economic Times
When is the right time to sell a stock? American investor Nick Maggiulli explains https://ift.tt/AgByb51 are three times when you should sell a stock: (1) to rebalance, (2) to exit a concentrated/losing position, or (3) to fund your lifestyle. I think all of these are important in their own right and will be utilized at different points throughout your financial journey.

Weekly options strategy: Nifty may turn rangebound, opt for Short Straddle | Economic Times

July 10, 2022 0
Weekly options strategy: Nifty may turn rangebound, opt for Short Straddle | Economic Times
Weekly options strategy: Nifty may turn rangebound, opt for Short Straddle https://ift.tt/iR2jaTH data perspective, both Call and Put open interest for the coming weekly settlement is visible at ATM 16,200 strike, suggesting some consolation. However, with the recent up move, Call writers seem to be stuck, and closure among them will continue to provide support. Hence significant declines may not be seen in the near term.

Learn with ETMarkets: Behaviour science and impact of social media influencers on investment decisions | Economic Times

July 10, 2022 0
Learn with ETMarkets: Behaviour science and impact of social media influencers on investment decisions | Economic Times
Learn with ETMarkets: Behaviour science and impact of social media influencers on investment decisions https://ift.tt/TeS5WYM the last 400 days, markets have ensured that weak hands get eliminated, and only long-term investors remain in the markets for the long haul. However, we are seeing most of our investor community staying put, strengthening their portfolios with frequent capital injections, and gladly interacting with us with an optimistic outlook.

Friday, July 8, 2022

Looking for short-term trading ideas? Here are the top 5 technical stock picks to bet on | Economic Times

July 08, 2022 0
Looking for short-term trading ideas? Here are the top 5 technical stock picks to bet on | Economic Times
Looking for short-term trading ideas? Here are the top 5 technical stock picks to bet on https://ift.tt/xEDsV4B has breached the 16,000 psychological mark. However, the overall trend is negative and investors need to be selective with stocks," says Osho Krishan, Senior Analyst – Technical & Derivative Research, Angel One Ltd.

Tata Motors said to plan IPO for its arm Tata Tech | Economic Times

July 08, 2022 0
Tata Motors said to plan IPO for its arm Tata Tech | Economic Times
Tata Motors said to plan IPO for its arm Tata Tech https://ift.tt/jBHbg5f Sky, another Tata Group company, is also planning to launch its IPO to provide an exit to investors, including Disney. The satellite television business has yet to file its draft red herring prospectus with the capital markets regulator, the Securities and Exchange Board of India.

Insider trading rules may apply to mutual fund trades | Economic Times

July 08, 2022 0
Insider trading rules may apply to mutual fund trades | Economic Times
Insider trading rules may apply to mutual fund trades https://ift.tt/hWwJ2DA move comes in the wake of the Franklin Templeton crisis of 2020, where senior executives - including FT's Asia Pacific head Vivek Kudva - and their immediate relatives indulged in unfair trade practices such as withdrawing some of their investments ahead of the six debt schemes shutting for redemptions on April 23.

Jefferies downgrades stocks of select IT companies | Economic Times

July 08, 2022 0
Jefferies downgrades stocks of select IT companies | Economic Times
Jefferies downgrades stocks of select IT companies https://ift.tt/V1UNvLR has downgraded HCL Technologies and Tech Mahindra to hold recommendation. The brokerage has cut rating on Wipro, Larsen & Toubro Infotech, Mindtree and Coforge to underperform. The brokerage has maintained Infosys as its top pick due to its sector-leading growth and strong execution. It has, however, lowered target price to ₹1,700 from ₹1,830.

TCS disappoints in Q1 but demand traction looks intact | Economic Times

July 08, 2022 0
TCS disappoints in Q1 but demand traction looks intact | Economic Times
TCS disappoints in Q1 but demand traction looks intact https://ift.tt/TeFOWmb country’s largest software exporter posted $ 6,780 million in revenue for the quarter compared with analysts’ average expectation of $6,824.5 million. In constant currency (CC) terms, it grew by 3.5% sequentially, but in reported terms, the growth was just 1.3% reflecting the impact of weaker pound and euro against the dollar during the quarter.

Razorpay, Pine Labs get nod from RBI for payment aggregator licence | Economic Times

July 08, 2022 0
Razorpay, Pine Labs get nod from RBI for payment aggregator licence | Economic Times
Razorpay, Pine Labs get nod from RBI for payment aggregator licence https://ift.tt/BogLC2W the RBI is expected to release a complete list of the players who have been approved to operate as payment aggregators in the country shortly

Thursday, July 7, 2022

Euro on thin ice ahead of U.S. labour data | Economic Times

July 07, 2022 0
Euro on thin ice ahead of U.S. labour data | Economic Times
Euro on thin ice ahead of U.S. labour data https://ifttt.com/images/no_image_card.png"Europe is exposed to large risks around energy dependency, a cost of living crunch on the consumer, and fragmentation risk. This spells euro/dollar lower," said analysts at Citi.

RBI to take more steps if rupee slide continues: Nomura | Economic Times

July 07, 2022 0
RBI to take more steps if rupee slide continues: Nomura | Economic Times
RBI to take more steps if rupee slide continues: Nomura https://ift.tt/WtTv04O Reserve Bank of India on Wednesday had announced a slew of measures to enhance foreign exchange flows and rein in the value of the rupee which touched record low nearing Rs 80 to the dollar, including allowing overseas investors to buy short-term corporate debt and opening of more government securities under the fully accessible route.

S&P, Nasdaq end higher as July hot streak continues | Economic Times

July 07, 2022 0
S&P, Nasdaq end higher as July hot streak continues | Economic Times
S&P, Nasdaq end higher as July hot streak continues https://ift.tt/WtTv04O S&P 500 index has closed higher in each of the first four sessions so far this month, after recording its steepest first-half percentage drop since 1970. The benchmark has not had five successive gains so far in 2022.

A jump in forward premiums could ease pressure on Rupee | Economic Times

July 07, 2022 0
A jump in forward premiums could ease pressure on Rupee | Economic Times
A jump in forward premiums could ease pressure on Rupee https://ift.tt/zig73Gc day after the RBI announced measures to shore up forex reserves and arrest the local unit's free fall, the rupee gained 0.16% to close at 79.18 Thursday. It was the fourth best performing Asian currency for the day. The one-month volatility index dropped 11 basis points.

Wednesday, July 6, 2022

Euro hovers near 20-year low on recession worries | Economic Times

July 06, 2022 0
Euro hovers near 20-year low on recession worries | Economic Times
Euro hovers near 20-year low on recession worries https://ift.tt/MrZ4TaQ had been paring bets for a prolonged aggressive tightening campaign since that meeting, as recession worries flared, but data overnight showed U.S. job openings fell less than expected in May, pointing to a still tight labor market that could keep the Fed on the offensive.

It may be time to buy stocks surging on oil's weakness, but 'expect returns with a lag' | Economic Times

July 06, 2022 0
It may be time to buy stocks surging on oil's weakness, but 'expect returns with a lag' | Economic Times
It may be time to buy stocks surging on oil's weakness, but 'expect returns with a lag' https://ift.tt/oOPdS1w recessionary concerns, analysts recommend investors start buying into such stocks on a medium to long-term basis as the correction in crude price will ease the cost of manufacturing, improve the volume demand and subsequently increase their gross margins.

Nifty up over 1%, FPIs turn net buyers | Economic Times

July 06, 2022 0
Nifty up over 1%, FPIs turn net buyers | Economic Times
Nifty up over 1%, FPIs turn net buyers https://ift.tt/xiG0HkL prices fell over recessionary fears. However, the fall has boosted the appetite for consumption, chemicals, logistics, and OMCs as it will reduce the cost burden of these sectors."

Select companies from auto, finance, IT, oil & gas sectors to lead Q1 show | Economic Times

July 06, 2022 0
Select companies from auto, finance, IT, oil & gas sectors to lead Q1 show | Economic Times
Select companies from auto, finance, IT, oil & gas sectors to lead Q1 show https://ift.tt/0uwk9No aggregate revenue of the sample is expected to grow by 37.2% year-on-year for the June quarter according to the ETIG estimates. It will be the sixth quarter in a row for a double-digit topline growth. Net profit is likely to grow by 43.6% on top of a sharp near three-fold jump in the year-ago quarter owing to a low base in June 2020 quarter which was severely affected by the first Covid wave.

Oil's fall brings inflation comfort for RBI | Economic Times

July 06, 2022 0
Oil's fall brings inflation comfort for RBI | Economic Times
Oil's fall brings inflation comfort for RBI https://ift.tt/OMRzlvh food inflation remains a concern, the second-order effects from higher input prices are likely to be more benign than initially estimated. Lower commodity prices, particularly of crude oil, should reduce risks of imported inflation.

RBI takes steps to attract dollar in bid to check rupee's slide | Economic Times

July 06, 2022 0
RBI takes steps to attract dollar in bid to check rupee's slide | Economic Times
RBI takes steps to attract dollar in bid to check rupee's slide https://ift.tt/Qb59asp Indians will get high returns for bringing foreign exchange into India into FCNR(B), and NRE deposits as the cap on rates have been removed for fresh deposits. This relaxation will be available for the period up to October 31, 2022. FCNR(B) are foreign currency non-resident deposits ( denominated in foreign currency), while NRE deposits are non-resident external deposits.

Fed feels rates may need to keep rising for longer | Economic Times

July 06, 2022 0
Fed feels rates may need to keep rising for longer | Economic Times
Fed feels rates may need to keep rising for longer https://ift.tt/vmqubpe viewed maintaining the central bank's credibility to control inflation as crucial. Two-year Treasury yields, which are sensitive to Fed policy, remained higher after release of the minutes.

RBI moves to boost forex inflows, arrest Re slide | Economic Times

July 06, 2022 0
RBI moves to boost forex inflows, arrest Re slide | Economic Times
RBI moves to boost forex inflows, arrest Re slide https://ift.tt/0uwk9No central bank eased several curbs on the flow of foreign investments, including the terms governing the rates of interest offered to foreign currency deposits by overseas Indians. The threshold on External Commercial Borrowing (ECB) under the automatic route has also been doubled.

Tuesday, July 5, 2022

LIC mutual fund plans to absorb IDBI mutual fund | Economic Times

July 05, 2022 0
LIC mutual fund plans to absorb IDBI mutual fund | Economic Times
LIC mutual fund plans to absorb IDBI mutual fund https://ift.tt/23QZH8G Bank-promoted IDBI MF had to be either sold or merged with LIC MF because, under Sebi rules, one promoter cannot have more than 10% stake in two mutual funds. Life Insurance Corp of India (LIC), the promoter of LIC MF, took a controlling stake in IDBI Bank in 2019.

Rupee's half percent fall & A $3 trillion economy! | Economic Times

July 05, 2022 0
Rupee's half percent fall & A $3 trillion economy! | Economic Times
Rupee's half percent fall & A $3 trillion economy! https://ift.tt/9uflWBm marked the eighth day in 2022 when the Indian monetary unit slid more than half a percentage point against the dollar. It lost 0.53% to close at 79.37 to the dollar after plunging to another lifetime low of 79.38.

S&P 500, Nasdaq end higher as investors eye economic path | Economic Times

July 05, 2022 0
S&P 500, Nasdaq end higher as investors eye economic path | Economic Times
S&P 500, Nasdaq end higher as investors eye economic path https://ift.tt/tNFGCSp are also keeping a watch on economic data, including a June nonfarm payrolls report expected on Friday, and on company commentaries for signs of peaking inflation and cooling economic growth, with another earnings season around the corner.

NCLAT paves way for NTPC's Jhabua buy | Economic Times

July 05, 2022 0
NCLAT paves way for NTPC's Jhabua buy | Economic Times
NCLAT paves way for NTPC's Jhabua buy https://ift.tt/Kfx71l8 Monday, the adjudicating authority rejected Gautam Thapar-promoted Avantha Group's claim that NTPC is ineligible to acquire the distressed thermal power unit due to defaults by its affiliate companies - Ratnagiri Gas and Power (RGPPL) and Konkan LNG.

Tech View: Nifty50 sees selling at high; consolidation may continue | Economic Times

July 05, 2022 0
Tech View: Nifty50 sees selling at high; consolidation may continue | Economic Times
Tech View: Nifty50 sees selling at high; consolidation may continue https://ift.tt/ojmqLKf Mohammad of Chartviewindia.in said that the day's chart depicted a shooting star-like candle with a long upper shadow. Tuesday's selling, according to him, has come from a massive supply zone present in 15,900-16,172 range.

Monday, July 4, 2022

Trade deficit jumps to record $25.63 billion in June | Economic Times

July 04, 2022 0
Trade deficit jumps to record $25.63 billion in June | Economic Times
Trade deficit jumps to record $25.63 billion in June https://ift.tt/uwB5UG0 trade deficit during the first three months of this fiscal year widened to $70.25 billion from $31.42 billion in the year-ago period, according to data released by the commerce and industry ministry.

RBI approves merger of HDFC Bank with parent HDFC Corp | Economic Times

July 04, 2022 0
RBI approves merger of HDFC Bank with parent HDFC Corp | Economic Times
RBI approves merger of HDFC Bank with parent HDFC Corp https://ifttt.com/images/no_image_card.png“HDFC Bank has received a letter dated July 04, 2022 from the Reserve Bank of India whereby the RBI has accorded it’s ‘no objection’ for the Scheme, subject to certain conditions as mentioned therein,” the bank said in an exchange filing. Earlier HDFC Bank had stated that it has applied to the RBI seeking leeway to meet certain regulatory conditions.

JPMorgan, Deutsche and MUFG's entry to give Gift City a big boost | Economic Times

July 04, 2022 0
JPMorgan, Deutsche and MUFG's entry to give Gift City a big boost | Economic Times
JPMorgan, Deutsche and MUFG's entry to give Gift City a big boost https://ift.tt/xVD0Jgz Modi is likely to formally launch the operations of JPMorgan Chase, Deutsche Bank and Japan's MUFG at the International Financial Services Centre (IFSC) on July 15

After Azamgarh win, UP BJP begins wooing SP's Yadav supporters | Economic Times

July 04, 2022 0
After Azamgarh win, UP BJP begins wooing SP's Yadav supporters | Economic Times
After Azamgarh win, UP BJP begins wooing SP's Yadav supporters https://ift.tt/ImiNJu5 victory in the Azamgarh bypoll has encouraged the BJP to seek to replicate this success in Yadav strongholds and the SP's family bastions. Though the victory margin of the BJP was less than 10,000 votes in Azamgarh, party leaders said that the BJP candidate, Dinesh Lal Yadav, got sizeable votes of the Yadav community.

Sunday, July 3, 2022

TDS rule brings down volumes on crypto sites | Economic Times

July 03, 2022 0
TDS rule brings down volumes on crypto sites | Economic Times
TDS rule brings down volumes on crypto sites https://ift.tt/Im3XcTu on WazirX were down the most at 82%, according to data sourced from crypto research and consulting firm Crebaco. The decline was almost 70% on CoinDCX and 76% on ZebPay.

ITC investors' patience may be finally paying off | Economic Times

July 03, 2022 0
ITC investors' patience may be finally paying off | Economic Times
ITC investors' patience may be finally paying off https://ift.tt/JoTpsan said the maker of Bingo chips and Gold Flake cigarettes is becoming a big draw among investors as it is less impacted by input cost inflation, has a high dividend yield, growing consumer business and recovering hotels business along with strong growth prospects in the cigarettes business, which is its mainstay.

Centre red-flags 'disturbing trends' in states' finances | Economic Times

July 03, 2022 0
Centre red-flags 'disturbing trends' in states' finances | Economic Times
Centre red-flags 'disturbing trends' in states' finances https://ift.tt/CnZWudL leads with Rs 56,767 crore of off budget borrowings between 2019-20 and 2021-22, which is over 4.5% of its GDP. Sikkim and Andhra Pradesh's off budget borrowings were near 2.5% of their GDP while Uttar Pradesh and Kerala have indulged in off budget borrowings of Rs 24,891 crore and Rs 10,130 crore respectively, data shared at the meet showed.

Weekly Options Strategy: Keep target at 16,000-16,200, go for bull call ladder | Economic Times

July 03, 2022 0
Weekly Options Strategy: Keep target at 16,000-16,200, go for bull call ladder | Economic Times
Weekly Options Strategy: Keep target at 16,000-16,200, go for bull call ladder https://ift.tt/UB8Slsc the data perspective, Call open interest for the coming weekly settlement is visible at 16,000 strike while the Put base is placed at ATM 15600 strike. Hence positive bias should continue till Nifty is sustaining above 15,600 levels and it may attempt towards 15900/16000 levels in coming sessions.

Saturday, July 2, 2022

Buying stocks on dips? American data scientist has some bad news for you | Economic Times

July 02, 2022 0
Buying stocks on dips? American data scientist has some bad news for you | Economic Times
Buying stocks on dips? American data scientist has some bad news for you https://ift.tt/NotbhgX the two investing strategies might sound the same, in reality they are two different concepts. DCA, or rupee-cost averaging in the Indian context, means investing a fixed amount at regular intervals irrespective of whether the stock prices are going up or down.

JPMorgan’s Aronov ignores the ‘cash is trash’ chorus | Economic Times

July 02, 2022 0
JPMorgan’s Aronov ignores the ‘cash is trash’ chorus | Economic Times
JPMorgan’s Aronov ignores the ‘cash is trash’ chorus https://ifttt.com/images/no_image_card.png“I’ve been hearing about investors losing money sitting in cash, and that cash is trash for as long as I’ve been in this industry,” she said on this week’s episode of “What Goes Up.” “But the reality is that if you have been in cash for the last five years, you’ve essentially outperformed the Bloomberg Aggregate index year-to-date, over one year, three years, and, depending on the day, yes, even five years.”

Why do smallcaps falter before reaching full bloom? Saurabh Mukherjea gives 4 reasons | Economic Times

July 02, 2022 0
Why do smallcaps falter before reaching full bloom? Saurabh Mukherjea gives 4 reasons | Economic Times
Why do smallcaps falter before reaching full bloom? Saurabh Mukherjea gives 4 reasons https://ifttt.com/images/no_image_card.png“However, this trend changes completely once these stocks enter the index. Quite contrary to their performance pre-entry, new entrants into the BSE500 on an average underperform the BSE500 by 11% p.a. over three years post the entry,” says Mukherjea, whose firm handles over Rs 11,000 crore worth of HNI and institutional funds.

Zomato among BSE500 stocks that tanked up to 20% in volatile week | Economic Times

July 02, 2022 0
Zomato among BSE500 stocks that tanked up to 20% in volatile week | Economic Times
Zomato among BSE500 stocks that tanked up to 20% in volatile week https://ift.tt/vqW6JaY price movements in the near-term will be in anticipation of better-than-expected Q1 results in these segments. Metals stocks are likely to bottom out absorbing the poor Q1 results.

Why sell now, buy later may not be the right strategy in this market | Economic Times

July 02, 2022 0
Why sell now, buy later may not be the right strategy in this market | Economic Times
Why sell now, buy later may not be the right strategy in this market https://ift.tt/nsDNiBR stock markets are still expensive on an aggregate basis notwithstanding the higher growth that India is witnessing versus other emerging markets. Countries across the world are now targeting inflation by raising interest rates to counter inflationary pressures.

Berkshire Hathaway buys 9.9 million more Occidental shares, has 17.4% stake | Economic Times

July 02, 2022 0
Berkshire Hathaway buys 9.9 million more Occidental shares, has 17.4% stake | Economic Times
Berkshire Hathaway buys 9.9 million more Occidental shares, has 17.4% stake https://ift.tt/ZYeCzMR paid about $582 million for the shares, which it bought between Wednesday and Friday, according to a Friday night filing with the U.S. Securities and Exchange Commission. Buffett's company is Occidental's largest shareholder, now owning 163.4 million shares worth about $9.9 billion.

Friday, July 1, 2022

Mind Over Money: Sachin Gupta shares 12-point checklist for traders to maintain mental health | Economic Times

July 01, 2022 0
Mind Over Money: Sachin Gupta shares 12-point checklist for traders to maintain mental health | Economic Times
Mind Over Money: Sachin Gupta shares 12-point checklist for traders to maintain mental health https://ift.tt/krRGWb0 who are under constant pressure due to volatility should practice yoga at least 5 times a week and do Pranayama to maintain mental health for better decision making and managing stress, recommends Gupta who has over 20 years of trading experience.

Wall St Week Ahead-Investors brace for pivotal July after dismal first half | Economic Times

July 01, 2022 0
Wall St Week Ahead-Investors brace for pivotal July after dismal first half | Economic Times
Wall St Week Ahead-Investors brace for pivotal July after dismal first half https://ifttt.com/images/no_image_card.png"We could really use just slightly less bad news in July," said Eric Kuby, chief investment officer at North Star Investment Management. "Hopefully, it could turn the back half of 2022 in a more favourable light."

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